NCLAT dismisses appeals by CoC, RP, and SRA against NCLT Ahmedabad's order rejecting a resolution plan for Zep Infratech Ltd.
Tribunal upholds NCLT's finding that the CIRP process was flawed, citing asset value depletion, lack of forensic audit, and questionable plan integrity.
Directs liquidation of the corporate debtor and refers the Resolution Professional's conduct to IBBI for investigation.